Nigeria Gas Production Rises Amidst Growing Domestic Demand
Nigeria’s daily natural gas production rose to 7.93 billion standard cubic feet per day (bcf/d) in May 2026, driven by increased domestic demand and the growing contribution of non-associated gas production, fresh industry data has shown. The data revealed that gas production rose to 7.93bcf/d in May 2026, representing a 0.63 per cent year-on-year increase […]
Nigeria oil production exceeds OPEC quota, hits 15-month hig
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries production quota in May 2026, with the country recording its highest crude output in 15 months amid improved operational stability and the absence of major disruptions across key oil facilities. Data released by the Nigerian Upstream Petroleum Regulatory Commission showed that Nigeria […]
Heirs Energies Wins Best Oil & Gas Deal of the Year Award
Heirs Energies Limited has won international recognition after its landmark $750m dual-tranche senior secured reserve-based lending facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. In a statement on Sunday, the company said the award was presented on 3 June in London, recognising one of […]
Dangote May Benefit From Russia’s Jet Fuel Export Ban
The Dangote Petroleum Refinery could gain stronger positioning in the global aviation fuel market following Russia’s decision to extend its ban on jet fuel exports until 30 November 2026, amid sustained attacks on its refining infrastructure. Russia announced the restriction on Monday, saying the move is aimed at securing domestic aviation fuel supply as Ukrainian […]
Oil Sector Regulators Target Reduced Compliance Costs
The Nigerian Upstream Petroleum Regulatory Commission has commenced moves to harmonise regulatory processes with the Nigerian Nuclear Regulatory Authority as part of efforts to strengthen radiological safety in oil and gas operations and reduce the cost of doing business in the upstream petroleum sector. The initiative emerged from a recent meeting between the Commission Chief […]
Oil Sector Attracts $460,000 in Q1 2026, NBS Reports
nigeria’s oil and gas sector recorded a 283.3 per cent increase in foreign capital inflows in the first quarter of 2026, but the industry continued to attract only a negligible share of total investments entering the country, official data have shown. Figures obtained from the latest Capital Importation Report released by the National Bureau of […]
Arridex: RusselSmith transitions, unveils Omnifactory
Arridex, formerly RusselSmith, on 1 June 2026, announced its formal change of name, registered with the Corporate Affairs Commission of Nigeria. The change reflects the significant expansion of the organisation’s capabilities and the breadth of industries it now serves, which extend well beyond the oil and gas services with which it began operations in the […]